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CBS
Feb 17, 2013 8:30am PST
and the kind of investments we expect for the economy to grow from the middle out. so our hope is that this does not happen, that we choose-- rather than make this an ideological fight as it appears to be right now among some on the republican caucus, we just do a balanced approach to fix this problem. >> schieffer: i agree with all that b but when you have the speaker of the house saying i can't work with the president any more. every time i work with him i get bermuda. when he says he won't take on the liberals in his own party on reforming the social programs, and then you see the president he's not talking to anybody. he's out making speeches around the country. >> oh, i think that the president is-- he laid out in very complete detail-- >> schieffer: but what is he doing? what are the two sides doing to keep this from happening? >> you saw what he did on tuesday night during the state of the union when he laid out in detail on what he is prepared to do as it relates to fixing this problem. over the last several months we got agreement on $2.5 trillion in deficit reduction
CBS
Feb 20, 2013 4:00am PST
harming our economy. but congress has to act. >> reporter: the white house wants a plan with smaller spending cuts and more tax revenues. republicans say the government is already too bloated and higher taxes should not be part of this equation. the budget expert says the automatic cuts will hurt the economy, even though most government agencies should be able to weather them. >> most organizations can manage a cut of 5%, 7% in their budget without long-term harm. i don't mean it won't be painful. it will be. >> reporter: allen simpson and erskine bowls who led a commission on the debt say it will be painful for lawmakers as voters start feeling the effects like longer lines at the airports. >> when that happens, they're going to come back to congress and say we're sick of this intrancyin intransigence intransigence, let's do something smart. >> reporter: they'll only have a few days when they return next week. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by
CBS
Feb 23, 2013 7:00am PST
for charities right now to raise funds, especially with the economy for the past several years. but it will be hard to get new donors in the door. what are you doing now to try to fix that? >> we have an exciting campaign now that we have been looking at. so we have a video that we have made for $22,000 in order to build the greenhouse and to be able to grow the necessary herbs and greens. >> we're looking at the video right now here on your screen. how do you get people to watch this, especially on this day and age where they were not so interested in watching a cat video. >> yes, through the word of mouth, hopefully through individuals like yourself that will take a liking to that to see how important it is. and the more people, they will know it is very important. >> how is the fundraising going so far? the totals are half way there. we definitely hit the $10,000 mark. hopefully within the next month we'll reach $22,000. >> if people don't want to open up their checkbooks they can volunteer? >> yes, we need 100 volunteers to help us
CBS
Feb 21, 2013 7:00am PST
this morning. it's a bellwether for the nation's economy. rebecca jarvis is here with us. what are they saying about the economy? >> looking backwards walmart had a good christmas, that holiday sales worked out well for them they earned more than wall street was expecting, they came in a little light on sales. however, going forward, that's really the question walmart is considered a bellwether for our overall economy and what they told us this morning is that the payroll tax cut is impacting consumers, that pike that we saw at the beginning of the year the 2% hike that takes about $20 out of people's weekly paychecks, that's getting their consumer also gasoline price is up 50 cents in the last month, that's hitting consumers and there's a temporary knock on the consumer because refunds have been delayed. the tax code had to be overhauled as a result of many of the reforms at the end of last year and they're saying their consumer has been hit by delays in the refund checks about $20 billion in refund checks didn't go out on time. >> new information this morning rebecca t
CBS
Feb 17, 2013 7:00pm PST
, to let the people live as normally as possible, to let the economy flourish and move forward. >> simon: barak argues that if iron dome makes israelis feel more secure, less threatened, they'll be more willing to make peace with the palestinians. you wont find many palestinians who agree. >> husam zomlot: before the iron dome, they felt no pressure to make any concessions. after the iron dome, they will feel the pressure to... to make concessions? of course not. >> simon: husam zomlot is a p.l.o diplomat and a professor at bir zeit university. what's this demonstration here? as we walked with him through the streets of ramallah on the west bank, a group of protestors marched right past us. >> zomlot: certainly, it will not be the iron dome. >> simon: right. >> zomlot: this will not be the area, you know, of security. it might be about prisoners. most likely, it is about prisoners. >> simon: it was about prisoners, palestinians arrested by the israelis. people here have many complaints about their political and economic situation, but unlike hamas in gaza, the palestinian authority on th
CBS
Feb 20, 2013 7:00am PST
that massive layoffs would cripple their economies. >> we don't need to wait to see the white in their eyes to start responding because of the potential that we see. this challenge is real and real right now. >> with the deadline still nine days away there's a lot of posturing going on and no sign anyone is trying to make a deal. officials tell us there are no secret negotiations under way. one reason for that the obama administration thinks it is winning this debate and public pressure will force the republicans to give in. charlie, gayle? >> bill plante thanks. >>> also in washington cbs news political director john dickerson. john, good morning. >> good morning, charlie. >> put this thing in context for us in terms of what we are talking about and what we're not talking about. >> well you know it's a good point. step back here. what we're not talking about in this sequester is the actual long-term drivers of this deficit problem, and so as people look at this fight, which is the 900th chapter in the constant fights over the budget what's happening is a debate about dum
CBS
Feb 22, 2013 6:00am PST
services. >> it's going to crash our economy and this is being done by some in congress who see no role for the federal government and they think that the best way to have cuts is to literally murder our economy and to get rid of critical services. >> the sequester would mean automatic cuts of $85 billion. you can see the rest of ann's conversation with the congressman sunday on kpix 5 this morning starting at 6:30 a.m. >>> meanwhile, president obama will meet today with japan's prime minister. they will be discussing the north korea nuclear threat. the united states and japan have a security alliance that dates back decades. the two leaders will also talk about trade and some other economic issues, as well. >>> time now is 6:09. it's one way to put off bedtime. a 10-year-old calls 911 to tell on his mom. >> a little bit of trouble. >> a prank on the slopes goes horribly wrong. how a teen survived a 45-foot plunge from a chair lift. >> we're not in california anymore. the rare thundersnow phenomenon hitting the midwest. closed captioning brought to
CBS
Feb 16, 2013 6:00pm PST
to a better economy. these investors in these companies feel good about their prospects. of course they have very low interest rates record low interest rates that they can borrow to help finance those purchases. and the shareholders in these companies feel like they're get a fair deal because stock prices are back close to record levels. activities are back to levels we haven't seen since before the great recession and i think that means the country is getting back to normal. >> axelrod: so confidence is going tow produce deals but i think what a lot of people want to know is what does that mean for job creation? >> good question. in the near term, i think it means job losses because most mergers and acacquisitions are about cost cutting although in the deals being done now i think cost cutting will be more modest than in times past. but in the longer run it will mean more jobs. this is necessary to get these companies in shape, these industries in shape. in the case of american airlines/us airways, the unions are in favor of about of it because they know they have to go through this to mak
CBS
Feb 19, 2013 12:00pm PST
they could derail the economy and push unemployment numbers back up. they will kick in march 1 unless washington lawmakers find a solution. >> are you willing to see a bunch of first responders lose their jobs because you want to protect some special interest tax loophole? >> reporter: with the deadline looming and jobs on the line, president obama surrounded himself with police and firefighters to send a message to congress. emergency workers are just one group who will lose jobs unless lawmakers avoid the latest fiscal deadline. $85billion in cuts known has the sequester are set to take effect in 10 days. obama warns the effects would be felt across the board. >> fbi agents will be furloughed. thousands of teachers and educators will be laid off. >> reporter: the pentagon faces the biggest cuts. about $46 billion. >> the way they cut the defense budget is the worst possible way and it's the most inefficient way and it's the what that i will do the motion damage to our security. >> reporter: -- the most damage to our security. >> reporter: the pre
CBS
Feb 19, 2013 5:30pm PST
economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction-- people will lose their jobs. the unemployment rate might tick up again. >> pelley: mr. obama wants more tax revenue. the republicans say no, and each side says it's up to the other to give in. major garrett is at the white house for us tonight. major, what next? >> well, the continued effort by the white house, scott, to apply public pressure on republicans to relent. this will be done in public events like we saw today. it's already been done privately. top government officials are warning businesses they could be harmed by these looming spending cuts. here's one example we've learned of. last friday, top officials at the agriculture department warned meat and poultry producers that there might not be enough federal inspectors to keep their processing plants open and operating. these warnings are designed to motivate businesses to plead with republicans to find another way. for now, republicans appear prepared to take these spending cuts, because they sa
CBS
Feb 20, 2013 5:00pm PST
. >> ship board credit, special promotional airfares from economy to first class depending on the destination. certain kinds of shore excursions. >> reporter: not to mention free tipping and parties with free drinks, parts that bob thinks will stick around until the triumph fades from the headlines. >> it might last a few months. >> reporter: now, trying to get those upgrades and freebies is easier with a travel agent. if you book online most of those search engines won't offer those amenities and a lot of those lower end cruise lines do charge for extra so you want to figure that into those very low rates. >> not necessarily shopping by price. >> right. >> is the best way. >> right. >> know what you're getting. >> reporter: exactly. that applies acrossed board. >> thank you. >>> a bay area teenager hospitalized with a highly contagious illness. the health warning going out to his classmates. >> and it could be the cure for heartburn. dr. kim has the attractive alternative to popping pills in tonight's healthwatch. [ crickets chirping
CBS
Feb 20, 2013 5:30pm PST
,000. but the entire economy is headed for trouble in just eight days when massive across-the-board cuts in the federal budget are scheduled to kick in automatically. au these cuts were designed to be so deep and harmful that theyrmfu would force the president and congress to find a better way. but they haven't. just for example, there would be $46 billion cut from the defense department, and benefit cuts for 4.7 million long-term unemployed. we have two reports tonight. first, those defense cuts with david martin. >> reporter: of the 800,000 civilians who work for the work for department of defense, an estimated 700,000 would bema furloughed for one day a week.or according to the pentagon'srd chief budget officer robert hale, that would save between $4en billion and $5 billion, but itll would all come out of people's paychecks. any >> if we feel we don't have any choice but to impose furloughs even though we would much prefer not to do it. of frankly, this is within of the least-- or the most distasteful tasks i have faced in my four years in this job. >> reporter: department of defense civilians run
CBS
Feb 21, 2013 4:30am PST
promotional airfares, economy up to first class depending on the destination, certain kinds shore excursions. >> reporter: free tipping and parties and free drinks perk that is bob thinks will stick around at least until the triumph fades from the headlines. >> it might last a few months. >> reporter: julie watts, kpix 5. >> trying to get those upgrades and freebies is easier with a travel agent than booking online because search engines won't offer the amenities. >> we should also note that a lot of lower end cruise lines don't charge for extras so figure that in when you see those low rates. would you take a cruise now? >> i don't know. probably. >> i think i probably would. >> probably would. >> it's cheap. why not? can't happen again you would hope. >>> 4:51. one bay area couple's romantic getaway was unforgettable. the couple from vallejo decided to celebrate 30 years of marriage with a dinner in san francisco. they stopped at the golden gate bridge vista point and that's where they found a black bag full of money. >> i started countin
CBS
Feb 22, 2013 4:00am PST
to come for the nation's economy, walmart says it expects business to slow down in the coming months. the world's largest retailer reported higher than expected fourth quarter profits on thursday, but walmart said sales are weakening as customers battle rising gasoline prices delayed income tax refunds, and higher payroll taxes. >>> the gasoline prices are at their highest level for this time of year. aaa says the average price for a gone of regular is $3.78 nation wide. that's up 47 cents in the past month. aaa says the higher prices are due to seasonal maintenance at refineries. analysts expect gas prices to rise further in the coming weeks. and the outlook is no better at the supermarket. the u.s. department of agriculture says food prices will rise by as much as 3.5% this year. that's nearly double the rate of inflation. the steep rise is blamed on the severe drought that's gripping farmers and cattle ranchers in the nation's midsection. anne-marie? >> ines ferre here in new york. thank you, ines. >>> when we return, driving in the fast lane. danica patrick
CBS
Feb 22, 2013 5:30pm PST
, and the economy, you know, is really, really slow. >> reporter: republicans accuse the white house of scare tactics to get a second tax hike. congress will have to make some tough budget choices when they are back in session next week. you think they're doing their job up on the hill? >> no, no. they should come to some kind of agreement. >> reporter: well, it promises to be political theater and liz, it will not
CBS
Feb 23, 2013 5:00am PST
argument is it will cost jobs and hurt the recover i economy. >> my hope is we can see a different course taken by congress. this should be a no-brainer. >> reporter: the president has spend part of the last nine days appearing with the schoolchildren who could lose their teachers and with the first first responders who say they could lose their jobs if the spending money supporting them is cut across the board. i've been very clear that these kinds of arbitrary automatic cuts would have an adverse impact on family on teachers on parents who are reliant on head start programs on our military readiness, on medical health services medical research. this is not a smart way to reduce the deficit. >> reporter: but they point out the cuts will be gradual and very few policemen are paid with federal money. >> it's untrue unfair dishonest, disingenuous. he puts law enforcement -- he puts firemen and policemen who 98% of them are being paid for with your local taxes and says you're going to lose your local policemen because of this. it's not true. >> and yet fu
CBS
Feb 18, 2013 6:00pm PST
is another one from another analyst. this is a weird one. the economy is doing so well the oil companies are just raising their rates. they just want to take more profit out of it. so, whichever one of those you want to believe here is what we are paying in san francisco. $4.13. that is regular unleaded. oakland, $4.06. san jose, $4.08. want more good news? they say this normally doesn't start until about memorial day when it peeks. reporting live in daley city, i'm ken bastida, kpix 5. >> gas prices are skyrocketing. temperatures are plunging. >> reporter: yeah. at least we have sunshine annoys -- oh, wait. that's gone. it is rear-view mirror type. wearable had a taste of what we will have to wait another three weeks to get back. i don't even see the 60s the next few days. peak outside. we have cloudiness and rainfall. this will be a winter-like pattern for the next couple days. pat lieu -- petaluma, you are getting shower. two days removed from the mid 70s. we did the low 50s today in san francisco. livermore you are at 53. oakland 56. san j
CBS
Feb 22, 2013 6:00pm PST
something positive, everybody deserves equal rights. >> very important for our economy. i don't know what we would do without our immigrants. >> obviously some flaws that may be more undocumented workers might land up in here. >> reporter: despite the support for a path to citizenship, the field poll also shows 65% of californians want more patrols at the u.s./mexico border. 57% favor penalties for hiring illegal immigrants and almost half want those here illegally deported. immigration reform is a hot button issue in washington. senators are working on a bill and an unfinished proposal by the obama administration suggests a path that would take 13 years. in san francisco, elissa harrington, kpix 5. >> thank you. >>> one of the high-speed rail's biggest enemies could become an ally. kpix 5's don knapp says that's only if neighbors on the peninsula get their way. don. >> reporter: liz, it's not that folks here in the peninsula are opposed to the concept of high- speed rail. what they are opposed to is a prospect of having streets and neighborhoods
CBS
Feb 19, 2013 6:00pm PST
these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roll. >> the white house wants a plan with smaller spending cuts and more tax increases. republicans say higher taxes should not be part of the equation. >>> are you looking for a job? you are in luck. there are hundreds of openings in the bay area right now and you don't need any tech know- how. kpix 5 consumerwatch reporter julie watts says, they will even help pay for your groceries. >> we have chocolate, cream -- >> reporter: star began working at whole foods when she was just 15. a natural career choice for this now pastry chef since her mom worked here, too. >> after school, i would come and just stay with her until she got off work. >> reporter: and before long, she began working for the retailer, which prides itself on a family atmosphere. whole foods started in 1980 with just under 20 people at its flagship store in texas. the company now boast the 73,000 employees with 400 stores and growing.
CBS
Feb 20, 2013 6:00am PST
today at just under $807. getting looks at the u.s. economy this morning. new home construction fell to 890,000. however a lot of it came on a drop in apartment construction. single family homes were up slightly and a sign of future activity, building per mitts up 2% from the year -- permits up 2% from the year earlier. >>> the labor department reports the wholesale side of the producer price index was up two-tenths of a percent although it was the first increase since september. you can blame food prices for that. they were up by 7/10ths of a percent. stock market getting off to a flat start this morning after solid gains yesterday in which the dow punched back above 14,000. right now the dow lower by 5 points. nasdaq down 2. s&p down 2. tesler reports its earnings after the closing bell today. its shares are slightly lower. frank and michelle. >> back to you. thank you, kcbs radio's financial reporter jason brooks. >>> and time now for a look at what's coming up on "cbs this morning." >> back-to-back days. gayle king is here now with a look a
CBS
Feb 21, 2013 6:00am PST
dow dropping by more than 100 points. today some mediocre news on the economy. labor department reporting that first-time weekly unemployment claims rose by 20,000 to 362,000, four-week average of to 360,000. that's the highest level in weeks. the consumer price index was flat in january from the month before. core rate up three-tenths of a percent. higher airfare, rents and also clothing prices. >>> earnings also in focus today. tesla did report a wider loss but its delivery an production schedule is on schedule -- and production schedule is on schedule. safeway reported better than expected earnings profit of 13% to $244 million. let's see how the numbers are. dow is down 63. nasdaq down 22. s&p down 9. shares of tesla dropping by 9%. safeway up by 5%. back to you. >> thank you, jason brooks from kcbs news. >>> 6:51. an award winning science fair project in the east bay involves a rocket and hello kitty. this video by 13-year-old lauren rojas out of antioch has nearly 800,000 views on youtube. her science fair project cornerstone chri
CBS
Feb 16, 2013 5:00am PST
economy." >> thank you for having me. >> we were talking about the great recession, so many people losing work was difficult. in particular the baby boomers losing their job, in part because of ageism. >> absolutely. that cohort has really been slammed so much. the thing is that's the elephant in the room. ageism does exist. and so to pryetend like it doesn't doesn't do any good. it's a plan to repackage yourself. >> you say a lot of employers will look at you and think of you as old and if you're in your 50s you're probably paid more than your younger workers. you're caught dubably. you're too expensive and you're too old. how do you deal with that? >> you have to play in different ponds. a lot of teams people go back to the things that they know. that may or may not work as strategy. really what you have to do is say let me see how i can repackage my skills, look at other ponds that might value me. that's really how you fight that. >> you're look at a mini reinvention. how does that look on paper? >> a lot of times it can be very scary. maybe take on a project.
CBS
Feb 17, 2013 6:00am PST
, we understand the connections of a complex global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and now a page from our sunday morning almanac. february 17, 1972, 41 years ago today. memorable mile post for the little car that could. for that was the day the 15,74th volkswagen beatle rolled off the assembly line. surpassing the old record set by the ford model-t which shut down production in 1927 after a 19-year run. it was german chancellor adolph hitler who launched the v.w. in 1933 when he called on the legendary ferdinand porsche to design a low-cost people's car or volkswagen. large-scale production didn't begin until after world war ii. worldwide success was a while in coming. in all of 1949 exactly two beatles were sold in the united states. over time, however the small car with the rear-mounted air-cooled engine became genuinely cool.
CBS
Feb 19, 2013 7:00am PST
the sanctions are working because we hear an awful lot about problems within the iranian economy. but ultimately we're going to have to see what our policy is as the president said, containment is not enough. and all options are on the table. but these are important talks because they do have to be a multilateral push to isolate iran internationally. >> you were the only one at the table that knows what it's like to step down as secretary of state. how do you think hillary clinton is feeling? do you all have secretary of state withdrawal? >> well, i don't know about her. i certainly did. >> did you? >> i think part of the issue is you go like a bat out of hell basically -- >> yeah. >> until kind of noon of the day that you don't anymore. and you have always read the papers and followed you guys on news. and you think, i have to say some being that. and all of a sudden you're not secretary of state, and you don't have to say anything about it. but there is a certain amount of withdrawal. and i loved being secretary of state. so it's -- you know there's so many
Search Results 0 to 23 of about 24